The discount retailer Dollar Tree reported third-quarter
results on Thursday, posting higher-than-expected profits and
raising its outlook for the year.

Dollar Tree, which sells the majority of its products for just
$1, reported profit for the quarter that ended October 30th as
$93.2 million, or 73 cents per share, compared with profits of
$68.2 million, 51 cents per share, in the third quarter of
2009. Analysts who participated in a recent Thomson
Reuters survey had forecast an average of 62 cents per
share.

The company's sales increased by 14.2 percent in the period to
$1.43 billion, driven by an 8.7 percent increase in sales among
its stores open for at least a year. The company raised
its full year profit per share outlook excluding certain items
by 13 cents to between $3.14 and $3.21 per share.

Dollar Tree and other discount retailers have thrived during
the recent recession as US consumers have looked for ways to
save money, especially on basic grocery needs.

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